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If I am starting a business as an attorney, do I have to register as a PLLC? |
I would like to start taking cases in Arkansas, but would I actually have to register as a PLLC? Would I still be able to get clients, take money (specifically retainers), etc., without being a PLLC? You will need to speak with a corporate attorney to determine the specific requirements for your area. Most states do not require a formal corporate/Scorp//LLC/PLLC et al structure for an individual to start a business. However, depending on your region, you will most likely need to get some form of a business license and possibly meet other formal licensing (and possibly location) requirements. A Corporate, S corp or LLC/PLLC structure is not intended to encumber you, but rather to limit your liabilty re recourse and tax liability. You should also talk to a tax advisor to determine the best tax strategies to employ for your region and your business. It seems strange to me that an attorney 1) would have to ask that and 2) that he would ask that here. An attorney taking advice from the general public? Man, I hate to say this, but if you are starting business as an attorney, shouldn't you be able to answer this question? If you need to ask here, you can't be much of an attorney. |
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